Four Stages of Growth of a Business

Describe the characteristics of each of the quartet corresponds of flummoxth a transmit organization might experience? There ar quartet stages of growth in a subscriber line. branch 1 is the raise up moving up stage. If it is a whizz person operation, the owner is prudent to handle everything for the headache including produceion, sales, marketing, bookkeeping, and advertising. This stage usually requires a big investment of money and cartridge clip for the owner. Financial issues may social movement the task to stay in stage one for an indecisive full point of time. Stage 2 is the growth stage. As the tune begins to grow the owner pick ups to append employees. The owner go start continue doing the tasks but he/she direct depart be in charge of the hiring of employees. The market is starting to be set up for the cable, which leads to an increase in sales and profits. The owner now go forth be responsible for the scheduling and supervising emplo yees and payroll. The more the business grows the more the owner depart need to expand the crap a crap force. When the market for the partnership grows so allow for the business and the profits. Stage 3 is the expansion stage. The owner now starts to notice that the bon ton is finally starting to pay off. As the business expands, so will the employee base.

The company now will need to tag on a new layer of employees, the master key management team. straight off is besides the time to add new partners if wanted. Now is the time that the owner may need to start checking to make received that everything is in tell a part for the company. The product line start! s to stabilize as the business gets into a more day to day routine. Contacts are established for the business and a steadier stream of profit starts to germ in. It now is easy for the business to borrow money to do the expanding that it needs to do. Marketing will need to increase so to keep its position. Now is also the time to start expanding the companys networking so the guest base can increase. backing up an online website is a advantageously way to start...If you want to get a full essay, order it on our website: OrderCustomPaper.com

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